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  3. a company reported income tax payable of $79,500,

A company reported income tax payable of $79,500, an increase of $7,900 in its deferred...

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Accounting

A company reported income tax payable of $79,500, an increase of $7,900 in its deferred tax asset, and an increase of $19,750 in deferred tax liability. What is the income tax expense?

Multiple Choice

  • $91,350

  • $107,150

  • $51,850

  • $67,650

Answer & Explanation Solved by verified expert
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